In all honesty probably a bit of an overreaction to news that is fairly commonplace in the gold space these days. WAF's biggest asset is probably their historical performance against plan, so no big red flags here.
The biggest risk imo that WAF need to overcome is convincing potential investors that BF is a stable enough jurisdiction to operate in, not just over the medium-term, but long-term. It will be interesting to see what the market values Kiaka at once construction and ramp-up begin, or whether this is already partly factored into the sp. A premium of only 5-10c p/share would be disappointing.
WAF Price at posting:
85.0¢ Sentiment: None Disclosure: Not Held
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